Nigeria’s oil industry prepares for transformation as NUPRC accelerates divestment, ushering in multibillion-dollar deals and bolstering indigenous investment.
Chief Executive, NUPRC, Mr. Gbenga Komolafe.The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is moving to speed up the conclusion of regulatory oversight on the ongoing oil assets divestment by International Oil Companies (IOCs).
With the process now fully expedited, it was gathered that when concluded, Nigeria would add at least 700,000 barrels per day to its current daily production volume, to hit about 2 million bpd before the end of the year.… Read the rest
The Nigeria Customs Service (NCS) and the Nigerian orts Authority (NPA) have resolved to replicate 24 hours port operations at all seaports nationwide following the successes recorded by the pilot programme at Tin Can Island Port (TCIP).
In other to attain this, Customs officials as well as other port operators may be assigned shifts as the nation’s seaports moves into an era of full-scale 24 hours port operations.… Read the rest